There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
What is renters insurance and how does it work? We make it make sense + MORE Jun 8th
While many people are under the assumption that their landlord’s insurance will protect them, there are actually big differences to be aware of, said money expert Jessica Moorhouse..... More »
Canadians are quietly overspending on convenience May 24th
There is no doubt that life has become expensive. Everywhere you look, prices are rising: gas, groceries, restaurants, insurance. Everyday essentials that once felt manageable now seem to demand a small emotional recovery period every time you tap your debit or credit card.
If it’s not rising p.... More »
The best life insurance in Canada for 2023: Your complete guide Aug 16th
Insurance
Best life insurance in Canada for 2023
Get personalized quotes from Canada’s top life insurance providers.
Let’s get started*
You will be leaving MoneySense. Just close the tab to return.
.... More »
How to buy a car in Canada and get the best loan rate Nov 28th
You’ve read the car reviews, done the research and scoured for hours through literature on that car or truck, all while lining up pros, cons, rankings and specs against your budget and wants. You’ve shortlisted the contenders that you most want to press the gas on. That’s it: you’re buying a.... More »
Manulife Vitality Program May 31st
Introduction
Welcome to our latest blog article. Today we are looking at a Health and Wellness program called Vitality®, which can now be obtained when individuals or families purchase certain Manulife personal or group insurance plans.
This Vitality program can be used as an aid to improving heal.... More »
Why is my landlord asking me to get tenant insurance?
– moneysense.ca
You’ve done the impossible. You found the perfect apartment (hello, exposed brick!), and it’s actually within your budget. You’re about to sign the lease when your new landlord mentions that you need to have proof of tenant insurance before moving in. Why are they making you get tenant insurance?
In short, most landlords will require you to purchase tenant insurance prior to moving in, as they want to ensure occupants have the proper coverage in place should something go wrong, so neither of you are on the line for the cost of damage. However, not having adequate insurance in place can lead to disastrous consequences for both parties. Let’s break it down.
Tenant liability protection
Tenant liability protection is the type of coverage that most landlords will require, while contents coverage and additional living expenses can be seen as added bonuses to any tenant insurance policy. This coverage is designed to protect the policyholder in the event a liability claim is made against them, whether that be at an event in their home, or on a beach in Barbados…
In short, most landlords will require you to purchase tenant insurance prior to moving in, as they want to ensure occupants have the proper coverage in place should something go wrong, so neither of you are on the line for the cost of damage. However, not having adequate insurance in place can lead to disastrous consequences for both parties. Let’s break it down.
Tenant liability protection
Tenant liability protection is the type of coverage that most landlords will require, while contents coverage and additional living expenses can be seen as added bonuses to any tenant insurance policy. This coverage is designed to protect the policyholder in the event a liability claim is made against them, whether that be at an event in their home, or on a beach in Barbados…
Collision insurance: How it all works
– moneysense.ca
Collision insurance is “extra.” It’s optional coverage that you can add on top of your basic full auto insurance, which, on its own, doesn’t cover you if you’re in an accident and you’re at fault. Many drivers opt in for collision, mainly because of the variable Canadian weather, road conditions, traffic and other causes of unexpected accidents. What else do you need to know? Read on.
What is collision insurance?
Collision insurance works in addition to other auto insurances mandated by most provinces in Canada, including third-party liability insurance, statutory accident benefits coverage, uninsured automobile coverage and direct compensation-property damage coverage. Collision insurance is an optional insurance, and it covers costs related to the repair or replacement of your vehicle if you are involved in an accident.
“If you’ve been involved in a crash, you’re deemed to be fully at fault, and you don’t have collision coverage, the damage to your vehicle wouldn’t be paid for by your insurance company,” says Pete Karageorgos, director of consumer and industry relations at the Insurance Bureau of Canada (IBC)…
What is collision insurance?
Collision insurance works in addition to other auto insurances mandated by most provinces in Canada, including third-party liability insurance, statutory accident benefits coverage, uninsured automobile coverage and direct compensation-property damage coverage. Collision insurance is an optional insurance, and it covers costs related to the repair or replacement of your vehicle if you are involved in an accident.
“If you’ve been involved in a crash, you’re deemed to be fully at fault, and you don’t have collision coverage, the damage to your vehicle wouldn’t be paid for by your insurance company,” says Pete Karageorgos, director of consumer and industry relations at the Insurance Bureau of Canada (IBC)…
